Press release
Intelligent Virtual Assistant Market 2018 Global Market to Reach USD 19.9 billion By 2025 Including Key Players : Microsoft, Nuance Communications, Samsung Electronics, Alphabet, Apple
Intelligent Virtual Assistant Market
Description:-
The Global Intelligent Virtual Assistant market was valued at USD 1.20 Billion in 2016, and is projected to reach USD 19.9 billion by 2025, growing at a CAGR of 36% over the forecast period.
"Intelligent Virtual Assistant Market ", Researcher, provides extensive insight and analysis of the Intelligent Virtual Assistant Market over the next eight years (2015-2025) and acts as a vital point of reference for operators or suppliers.
An Intelligent Virtual Assistant is a smart system which performs tasks as per the users’ demand. It is a solution that simplifies user interaction with personal computers, smartphones, SMS, messenger and other interfaces. IVA systems use various interaction methods, which include text-to-text, speech-to-text, among others to assist users in executing their tasks, either for some useful purposes or for entertainment purpose. Apple’s Siri, Amazon Alexa, are few well-known intelligent virtual assistants.
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Increasing penetration of smartphones and growing adoption of IVA devices and services by large enterprises is propelling the growth of the industry. Increasing demand for automation in offering the uninterrupted support services for customer and growing adoption in smart home systems which include music players, wireless connected thermostats, air conditioners and others is further projected to propel the industry growth. However, lack of accuracy in the system design and personalization option is expected to restrain the industry growth.
North America is estimated to be the dominant region in the global intelligent virtual assistant market and the growth is attributed to the increasing adoption of technological advancements by the companies in these regions. Major companies acting as the driving forces for the technology include Google and automobile manufacturers such as BMW, are investing heavily in IVAs.
The report includes -
Segmentation: Based on product segment, the report segregates the segment and delivers the revenue, growth rate, and market share, of each type,
• Chat-bots
• IVA Smart Speakers
• Smart Watches
On the basis on the technology, this report focuses on the status and outlook for major applications, market share and growth rate for each application, including
• Text Based
• Text-to-Speech
• Automatic Speech Recognition (ASR)
• Others
On the basis of type, the market has been segmented further, and displays growth rate and market share over the forecast period;
• Rule based IVA
• Conversational AI based IVA
On the basis on the service, this report focuses on the status and outlook for major applications, market share and growth rate for each application, including
• Customer Service
• Marketing Assistant
On the basis on the vertical, this report focuses on the status and outlook for major applications, market share and growth rate for each application, including
• Consumer Electronics
• BFSI
• Healthcare
• Education
• Retail
• Travel and Hospitality
• Government
• Utilities
• Others
Geographic Segmentation: This report split global market into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America, with revenue (Billion USD), market share and growth rate of intelligent virtual assistant market for these regions, from 2015 to 2025 (forecast)
• North America: U.S., Rest of North America
• Europe: Germany, France, UK, rest of Europe
• Asia Pacific: China, Japan, India and Rest of Asia Pacific
• Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA
• Latin America: Brazil and Rest of Latin America
Key players: Overview of market leaders in IVA market by top manufacturers/players, with revenue (Billion USD) and market share for each manufacturer/player. The top players including Microsoft, Nuance Communications, Samsung Electronics, Alphabet, Apple, Amazon, International Business Machines (IBM), Facebook, Cognitive Code, Artificial Solutions, Mycroft Ai, among all the others.
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Table Of Contents – Major Key Points
1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
2.1. Market Definition
2.2. Market Scope
2.3. Data Sources
3. MARKET DYNAMICS
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. INDUSTRY OVERVIEW
4.1. Value Chain Analysis
4.2. Porter’s Five Forces Analysis
4.3. Key Trends
5. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET, BY PRODUCT (2017-2025)
5.1. Global Intelligent Virtual Assistant Market, by Chatbots
5.2. Global Intelligent Virtual Assistant Market, by IVA Smart Speakers
5.3. Global Intelligent Virtual Assistant Market, by Smart Watches
6. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET, BY SERVICE (2017-2025)
6.1. Global Intelligent Virtual Assistant Market, by Customer Service
6.2. Global Intelligent Virtual Assistant Market, by Marketing Assistant
7. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET, BY TECHNOLOGY (2017-2025)
7.1. Global Intelligent Virtual Assistant Market, by Text Based
7.2. Global Intelligent Virtual Assistant Market, by Text-To-Speech
7.3. Global Intelligent Virtual Assistant Market, by Automatic Speech Recognition (ASR
7.4. Global Intelligent Virtual Assistant Market, by Others
8. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET, BY TYPE (2017-2025)
8.1. Global Intelligent Virtual Assistant Market, by Rule Based
8.2. Global Intelligent Virtual Assistant Market, by Conversational AI Based
9. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET, BY VERTICAL (2017-2025)
9.1. Global Intelligent Virtual Assistant Market, by Consumer Electronics
9.2. Global Intelligent Virtual Assistant Market, by BFSI
9.3. Global Intelligent Virtual Assistant Market, by Healthcare
9.4. Global Intelligent Virtual Assistant Market, by Education
9.5. Global Intelligent Virtual Assistant Market, by Retail
9.6. Global Intelligent Virtual Assistant Market, by Government
9.7. Global Intelligent Virtual Assistant Market, by Utilities
9.8. Global Intelligent Virtual Assistant Market, by Travel and Hospitality
9.9. Global Intelligent Virtual Assistant Market, by Others
10. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET, BY REGION (2017-2025)
10.1. North America Intelligent Virtual Assistant Market
10.1.1. North America Intelligent Virtual Assistant Market, by Product
10.1.2. North America Intelligent Virtual Assistant Market, by Service
10.1.3. North America Intelligent Virtual Assistant Market, by Technology
10.1.4. North America Intelligent Virtual Assistant Market, by Type
10.1.5. North America Intelligent Virtual Assistant Market, by Vertical
10.1.6. North America Intelligent Virtual Assistant Market, by Country
10.1.6.1. U.S. Intelligent Virtual Assistant Market
10.1.6.2. Rest of North America Intelligent Virtual Assistant Market
10.2. Europe Intelligent Virtual Assistant Market
10.2.1. Europe Intelligent Virtual Assistant Market, by Product
10.2.2. Europe Intelligent Virtual Assistant Market, by Service
10.2.3. Europe Intelligent Virtual Assistant Market, by Technology
10.2.4. Europe Intelligent Virtual Assistant Market, by Type
10.2.5. Europe Intelligent Virtual Assistant Market, by Vertical
10.2.6. Europe Intelligent Virtual Assistant Market, by Country
10.2.6.1. France Intelligent Virtual Assistant Market
10.2.6.2. Germany Intelligent Virtual Assistant Market
10.2.6.3. U.K Intelligent Virtual Assistant Market
10.2.6.4. Rest of Europe Intelligent Virtual Assistant Market
Continued……
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